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But will MND be struck down by the same disease that has plagued other construction companies recently, underbidding to secure contracts against fierce competition for a diminishing number of projects then cost overruns. These companies are in my high-risk basket.

Commenter

mitch of ACT

Date and time

February 24, 2014, 10:32AM

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Cash Converters shares are worth 90 cents surely?

Commenter

Durrie Muncher

Date and time

February 24, 2014, 5:02PM

"More than $15,000 of taxpayers' money was spent on a second custom-built bookcase to house Attorney-General George Brandis' extensive collection of books and law reports."

Someone buy this twit an ereader. Oh and it has the added advantage that you can search eg for terms like "dereliction of duty".

Commenter

Allan

Location

Prahran

Date and time

February 24, 2014, 5:00PM

and "self-indulgence", "delusions of grandeur" and "abuse of power",

Commenter

mitch of ACT

Date and time

February 24, 2014, 5:12PM

I took Allanah's advice and checked domain for property prices in the suburbs she suggested, whereupon I have come to the following inescapable conclusion.

If I (yes I....)...If I cannot afford a 4 bedroom house in Albert Park, Hawthorn or Toorak, it follows logically that prices are at least 40% OVERVALUED and are primed for imminent collapse to at least that value!

When I can buy a 4 bedroom house close to my favourite hip café prices will then reflect fair value!

Commenter

Glass half EMPTY

Location

Prahran

Date and time

February 24, 2014, 4:39PM

All bubbles burst. Try not to be too alarmed.

Commenter

Allan

Location

Prahran

Date and time

February 24, 2014, 4:53PM

The evidence is mounting day-by-day http://www.news.com.au/national/breaking-news/more-record-hot-days-in-past-decade-bom/story-e6frfku9-1226836071775 but like the frog in the pot being brought slowly to the boil, will we have the sense to do anything about it. If you bother to read the article you will see that the Libs are in denial, so no hope.

Commenter

mitch of ACT

Date and time

February 24, 2014, 4:32PM

I'm sure most of you have noticed that right at the end of trade for the last few days the chart has shown a sharp upward kick. Does a trader have a bet going.that that will happen.

Commenter

mitch of ACT

Date and time

February 24, 2014, 4:27PM

Yes I have been wondering what that is all about

Commenter

BoB

Location

Franga

Date and time

February 24, 2014, 4:37PM

Allan moving the market like $oro$

Commenter

no banks .. no party!

Date and time

February 24, 2014, 4:42PM

"He he that's easy, the bubble can't be inflated anymore. Sydney prices have been flat for a decade because the bubble there was formed before 2003. Simple really.

FHB's have deserted the market because they won't pay half a million for a house 2hrs from the city that is really only worth $300-350K."

Hehe! What on Earth is this nonsense I'm reading. I'm speechless. If Sydney prices have indeed been flat for 10 years as you claim, then surely taking into account inflation, 'real prices' have already collapsed over 30%, which begs the question, 'what in heaven's name is your problem?' Speak some sense man!

Secondly you are being completely disingenuous about prices in the suburbs mentioned where $350K can buy you a 3 bedroom house! If we can't use HONEST figures about this what's the point!

Commenter

Allanah

Location

Prahran

Date and time

February 24, 2014, 4:26PM

"The Australian dollar could face a "benign collapse" to US66¢ by the end of next year amid falling commodity prices, declining mining investment and reduced government spending, Deutsche Bank says in one of the most bearish forecasts for the local currency."

Housing boom!

Commenter

Allan

Location

Prahran

Date and time

February 24, 2014, 4:22PM

I don't like the word...collapse; more like...correction, whether it is currency, economy as a whole, real estate etc...they need and will be corrected.

Commenter

Correctable

Location

Sydney

Date and time

February 24, 2014, 4:40PM

On ch24, reports of a study by the NRMA that Australia is currently importing 91% of its fuel and that will be 100% in 16 years. We have an ever diminishing capacity to refine our own fuel as highlighted by Caltex's report today. How long will the petrol in your car's tank last in the event of a severe disruption to supply and how much food do you have in your pantry. All it takes is for a regional tension to get hot.

Commenter

mtch of ACT

Date and time

February 24, 2014, 4:22PM

My gf and I have recently been looking for a nice rental property in Melbourne (the best city in the world in my humble). We have been really blown away by how many cheap nice apartments there are available like this one:

So for $550 a week we can live in luxury at Southbank within walking distance of the CBD with city views, pool, gym, secure parking etc.

Commenter

Renters Paradise

Date and time

February 24, 2014, 4:19PM

Will Boart Longyear raise capital at a price higher or lower than Billabong's 28 cents a share?

Commenter

Ding Dong

Date and time

February 24, 2014, 4:03PM

First day trade. Given their excellent results - couldn't resist BPT at open at $1.52. Sold at $1.69131. I've missed a few profit taking opportunities lately (eg. LEI at >$18) so decided to grab this one.

Commenter

Yin or yang

Date and time

February 24, 2014, 3:58PM

yeah...a what value to you give a LEI share?...what's a fair price?

Commenter

no banks .. no party!

Date and time

February 24, 2014, 4:09PM

Robert De Niro and James Paker...

Featuring in..."Of mice and Men". A real story based on James' memoires.

Commenter

Mr Goldman

Location

Hollywood

Date and time

February 24, 2014, 3:42PM

A cow for her milk. A hen for her eggs, And a stock, by heck, for her dividends.

An orchard for fruit. Bees for their honey, And stocks, besides, for their dividends

This story really implies that the person in the (dividend) question is not making much money in dividends; otherwise, she could simply bank the dividends and go to Coles or the like to purchase her every need. Why would she keep all these animals to provide her necessities?...because the dividends are crap. Back to the cow, the chicken and the farm...

Commenter

No banks...No Farm

Location

Sydney

Date and time

February 24, 2014, 4:03PM

lol...ok.

Commenter

no banks .. no party!

Location

its not that hard

Date and time

February 24, 2014, 4:38PM

Buy at your own peril before the close, the US is going to have a down session tonight, well overdue.

Then buy on the dip tomorrow, too easy mate!

Commenter

Liberace

Location

Prahran

Date and time

February 24, 2014, 3:39PM

hope so.

Commenter

no banks .. no party!

Date and time

February 24, 2014, 3:53PM

Is that YOU behind the calendarbra?

Commenter

Joe the POM

Location

Geelong

Date and time

February 24, 2014, 4:08PM

Not all is well in the US. Wal-Mart sales are down and so is pre-market trading by 42.

Commenter

mitch of ACT

Date and time

February 24, 2014, 4:19PM

From a purely selfish point of view I hope the gold price remains at current levels until I go to Thailand for my vacation, going to spoil the missus with a few new shiny items.

After that it can kick the living daylights of the shorters, best of both worlds..

Commenter

Gold Balls

Date and time

February 24, 2014, 3:36PM

Thailand, don't forget your bullet-proof vests.

Commenter

mitch of ACT

Date and time

February 24, 2014, 3:59PM

If criminals don't like risk and don't invest in the stock markets, what do they invest in? Perhaps they prefer something tangible, real, a storage of value and hopefully even generating a regular weekly income...Real Estate? no, it couldn't be.

Commenter

Agent

Location

Sydney

Date and time

February 24, 2014, 3:23PM

Is it time we put Boart Longyear Ltd. (BLY) out of its misery?

Commenter

Ferocious Shorter

Date and time

February 24, 2014, 3:11PM

Why would anybody be interested in a merger between DJS & MYR. 2 dinosaurs fighting to preserve their last little bit of territory in the face of relentless competition from all of the menaces of the 21st century way of doing things. No cash between to make the offer appealing altho DJS does have $600m in property assets and I think that is the main prize being sought in order to strip the cash value of that property out then leave those dinosoaurs to their fate as the meteor strikes.

Commenter

mitch of ACT

Date and time

February 24, 2014, 3:05PM

AZV and CAJ both up 7.5% today! Stops set, locked and loaded for big profits. Sadly I will probably get stopped out tommorrow :(

Commenter

Navy

Location

Navy

Date and time

February 24, 2014, 2:58PM

"Average new home prices in China's 70 major cities rose 9.6 per cent in January 2014 from a year earlier, easing from the previous month's 9.9 per cent rise, according to Reuters calculations based on official data published today"

Can anyone advise on what they think is the best way to onvest in the asx20 through commsec. ILC?

Commenter

Ryan

Date and time

February 24, 2014, 2:40PM

ymax mebbe?

Commenter

mushy

Date and time

February 24, 2014, 3:29PM

"Ructions over Santos's unimpressive earnings and poor reserves data released last Friday are continuing"

$14 in 2007 now $13 in 2014 LMFAO! What an absolute NOTHING stock!

Commenter

Don't tell the perma bulls

Location

you know how angry they get

Date and time

February 24, 2014, 2:28PM

News Flash! Who cares Walter Cronkite? Of the 25 reading this thread who would own this rubbish? You have a habbit of commenting on rubbish stocks Walter.

Commenter

I love Walter

Location

Croncite

Date and time

February 24, 2014, 3:26PM

You seem to live in the past a lot cobber, 2007, who really cares, what I am concerned about is how much I am making in this bull run in the last 3 weeks, not to mention the juicy divs...certainly more relevant!

Commenter

Ellen

Location

Prahran

Date and time

February 24, 2014, 3:47PM

"Australia's biggest companies need to start spending their $71.1 billion cash pile on mergers and acquisitions this year or face the wrath of shareholders, a leading economist says." http://www.smh.com.au/business/markets/big-business-urged-to-unlock-711-billion-cash-stash-20140224-33bpb.html Why spend all of that cash on mergers & acquisitions. Is that the best that they can come up. with M&A's do little to foster growth but reduce competition and increase unemployment as synergies between merged businesses usually mean that those whose jobs are duplicated in a merged enterprise get the sack. Haven't they heard about building and developing their own businesses or is that a tacit admission that there is no incentive offered by the weak Australian economy to expand other than by taking over someone else's business.

Commenter

mitch of ACT

Date and time

February 24, 2014, 2:21PM

@mitchWe only have to:Buy and sell businesses...Buy and sell properties...Generate Fees...All else is vanity...

Creating "new jobs"...LOLThat's very unAustralian indeed.

Commenter

Broker

Location

Sydney

Date and time

February 24, 2014, 2:37PM

Because M&As are business for bankers..... Mitch get with the program champ...Further your should probably take the shpeil with a grain of salt... Craig James.... meh.

@Mitch, I agree M&A is an easy out for an industry player to drum up business to pull fees in the advisory services. Investing this money to start-ups (some innovation) and infra (jobs) would be far better for everyone

Commenter

Wwwish Lion

Location

Melbourne

Date and time

February 24, 2014, 3:15PM

"...Rising demand for physical gold in China is seen as one of the reasons behind the recent recovery in the precious metal’s price"

My prediction is coming to fruition....i.e. The Chinese will start purchasing Australian Real Estate with solid gold, one bracelet...2bdr unit in Hurstville; one necklace...a studio in Sydney CBD; gold ring & diamond...4bdr house in Burwood...any other...different houses in North Sydney. I love it. I won't accept AUD any longer...I want to get paid in Gold. The mighty Dragon is coming...and I love it.

Commenter

Dragon Servant

Location

Sydney

Date and time

February 24, 2014, 2:14PM

Oh for Heaven's sake do some of your own research. Log into domain.com.au and pop the following suburbs: Epping, Lalor, Melton, Cranbourne, Hoppers Crossing, Point Cook etc, etc, etc.... There before your very eyes you will see Melbourne property prices are still indeed very reasonably priced. Unfortunately peoples' expectations and demands aren't!

I'm not saying trendy inner city homes haven't been bid up. However, again basic maths. 4.3 million people. Far, far, far fewer inner city homes. What do you think will happen to prices??? It has been thus, it is thus and will always be thus. Can we please move on from this incessant whinging and moaning about high property prices.

Also my friend Allan still hasn't answered the apparent paradoxical tautology of how prices can possibly be in a 'bubble', if 'real prices' have not moved in 10 years!!!!????????

I normally ignore all content on this blog re housing but I must say your last point is spot on.

Commenter

Yin or yang

Date and time

February 24, 2014, 2:02PM

He he that's easy, the bubble can't be inflated anymore. Sydney prices have been flat for a decade because the bubble there was formed before 2003. Simple really.

FHB's have deserted the market because they won't pay half a million for a house 2hrs from the city that is really only worth $300-350K.

Commenter

Allan

Location

Prahran

Date and time

February 24, 2014, 2:05PM

In Perth there is no more talk of a tight rental market, no more talk of low vacancy rates, no more talk of rising rents.As it is no longer true.In fact the silence is deafening.Wouldn't want to spook people.REIWA lists 5009 properties to rent in Perth as of now, most are empty and available NOW!

Commenter

Perth Girl

Location

It's in Australia too

Date and time

February 24, 2014, 2:09PM

I can attest to that. A year ago I was looking at renting a room in outer 'burbs for $160+, now people are asking $120, even $110 negotiable. Looking at domain's map view of properties for sale brings up entire suburbs covered in red markers. Makes me wonder if anyone actually lives there, if everyone's trying to sell up!

I think you guys are a bit harsh and maybe don't appreciate the process that is gone through in releasing announcements to the market. It is not as simple as just saying release things when they are known.In a world where litigation firms are foaming at the mouth to sue over one wrong word, it is the practice that all directors and often the company's lawyers, auditors and advisors need to sign off on announcements that have generally been crafted overnight. Trying to get sign off from maybe 15 people can be difficult because invariably some are on the phone and some are travelling. Then, when someone wants something changed, the process has to start again, and invariably people who thought the matter was finished have moved onto other things. If companies sometimes do release a bit later than ideal, it is not due to laziness or mischief, but simply the process that the system requires companies to go through.

Commenter

pass the red

Date and time

February 24, 2014, 1:11PM

Then call a Trading Halt until they have it all sorted out. The longer delays go on, the more likely it is that sensitive information leaks out and traded accordingly to the disadvantage of the uninformed market.

Commenter

mitch of ACT

Date and time

February 24, 2014, 1:21PM

gotta have time to call those "in the know" to sync...ok all ready hit the "sell" "buy"increased volumes traded in the hours leading up to the announcement...nah thats just the market for you.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 2:01PM

I understand what you are saying but not a good enough excuse - there's lots of money at stake. I agree with MItch (often do) - if company X needs more time - call a trading halt. Good example was MND late Friday.

Commenter

Yin or yang

Date and time

February 24, 2014, 2:05PM

You do realise Mitch that you can't just "call a trading halt"? There is a process of application that has to be gone through, that would take longer than finishing what you are working on in the first place. The ASX has to approve trading halts, and its predisposition is to reject them, because its job is to facilitate trading, not to stop it.

Commenter

pass the red

Date and time

February 24, 2014, 2:08PM

@pass the red, not often I say this but that's rot. If a company's officer notifies the ASX that it has sensitive information but is not in a position to immediately lodge a formal announcement a Trading Halt can be called there and then. It is common to see a company kept in pre-open well past the opening bell or to go into pre-open during trading hours with no formal notice lodged. A Trading Halt notice may be lodged and/or the company opens when the market sensitive information is released. The ASX has a legal responsibility to ensure that there is a market AND that market operates within the rules.

Commenter

mitch of ACT

Date and time

February 24, 2014, 2:43PM

Sorry, Mitch, but it's not 'rot" at all. I was a senior company exec for over 25 years and have personally made announcements numbering into the hundreds. And I've called for more than a few trading halts in my time. A company would only ask for a trading halt if it felt there had been a security breach and some external sections of the market had learned something that others hadn't. The mere fact that it is 10.20 Sydney time and approval of a release is imminent from two final parties is not a reason to have stopped trading as long as the market is on a level playing field.

Commenter

pass the red

Date and time

February 24, 2014, 3:45PM

@pass the red, those habits sound like an easy cop-out for insider trading to take place. My understanding from what I was told by the ASX when I brought several instances to their attention are that the rules are a lot tighter now and rely on not allowing any trading to take place if there is a chance of an "uninformed market":

Commenter

mitch of ACT

Date and time

February 24, 2014, 4:14PM

"Shanghai Composite down 2%"

"Chinese property stocks being absolutely thumped"

LMAO!

Commenter

Gordon Akman

Location

Broadbeach

Date and time

February 24, 2014, 1:08PM

Rug got pulled eds 'turnaround turned around"

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 1:07PM

Hey guys I was just perusing the BRW Rich List and none of the people on it listed their primary source of wealth as "Buying houses with debt and renting them out". Why is that do you think?

Commenter

My life >

Location

your life

Date and time

February 24, 2014, 1:06PM

Whom is this post directed at? What is the point of this post? Property troll you have the wrong thread..... here we predict the great stock market depression, not property.... move along... smartly! yes quick quick shoo shoo!

Commenter

This is....

Location

.... Markets Live?

Date and time

February 24, 2014, 1:21PM

You mean property developers? Makes up at least 1/2 of the rich list. You dont get rich doing it with one house, only with 200 at a time

Commenter

asdf

Date and time

February 24, 2014, 3:10PM

@asdf thanks for clarifying. Here I was thinking property developers made their money from selling residential properties not buying them... LOL

Enjoy!

Commenter

Pulling wings off flies

Date and time

February 24, 2014, 3:25PM

@1211 duetsche bank,thanks for that,how bout fixing your own backyard before looking over our fence,we've got our own "jawboners" doing their best to talk it down,so leave it up to the hedge funds and speculators to find the real value.....daily.not 2 years ahead thats just thrusting knifes into darkness. Alot can happen at any given period which could change everything either way,so are you going to short our currency with a lazy 3 trillion to make sure it happens,oh thats right we havent started printing free money yet have we.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 1:05PM

See the photo posted @9.32 on this blog...apparently they were shown a spreadsheet of Allans shorts this year.

Commenter

no banks .. no party!

Date and time

February 24, 2014, 12:46PM

FMG going from strength to strength!

Shorters must be in a lot of pain! I like it!

Commenter

Pig Iron Bob

Location

Pilbara, WA

Date and time

February 24, 2014, 12:45PM

It was $6 six years ago. Massive new supply and falling demand will fix it right up. LOL.

Commenter

Charlie Aithen

Date and time

February 24, 2014, 2:07PM

Where are the next big profits to the banks coming from? The super accounts of the gullible.

Adviser rules to change to pretty much become sellers of the biggest commission AND bank products. There was a reason this stuff was changed. Many retired lost everything. Banks and Insurance have pressured the morally bankrupt LNP into reversing possibly the only good policy Labor ever made.

Commenter

JohnBB

Date and time

February 24, 2014, 12:34PM

Yes Johnbb, more Liberal damage for Labor to undo.

Commenter

mitch of ACT

Date and time

February 24, 2014, 1:31PM

Total QAN dividend year 2000, .48, then drops way off the following year.

what an idiotic company and business...why would anyone ever go long...

Commenter

no banks .. no party!

Date and time

February 24, 2014, 12:30PM

The market will crash exactly when G-d wants it to. If you hav't already you may want to check out what happens when Nations have tried to divide Israel, like will be attempted in April this year.

Commenter

Ryan

Date and time

February 24, 2014, 12:21PM

Israel? Do they still believe in the God El?

that's weird, perhaps they should go for the brother...Ea.

Commenter

Ancient

Location

Luxor

Date and time

February 24, 2014, 12:49PM

I said earlier in these pages that I had graphed the AllOrds for the years 9/10 to 12/13 inclusive on top of each other. The composite graph shows a consistent downturn occurring from mid-April for all of the years. By then the ex-div effect of the February reporting period has well and truly been factored in and there's probably an early sell-off starting from the "sell in May and go away" movement. The composite graph is quite stunning in that the significant rises and falls for all of the years occur at the same times. So far 13/14 is well ahead of the other years but they were all rising at this time in the reporting period so there is no reason to expect that 13/14 will not fall from mid-April as all of the other years did.

Commenter

mitch of ACT

Date and time

February 24, 2014, 12:59PM

@mitch,thanks for the insight.Still alot of water to flow and i'm guessing your charting the ASX200? I hold alot of midcaps/smallcaps which are relatively immune to the big boys trends,they each remain sensitive to their own destinys and market favour.Weighting into the factors of shorters and day traders theres alot in the mix,but i take your point that the chart doesnt lie and trends are trends. Historically it could all be undone by some overseas crash [china/us/japan] also we could break new ground either way so its always a longshot trying to predict.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 1:23PM

No BSB, I'm charting the AllOrds. The chart is an eye-opener, particularly when charts for several years all converge on the same point. Now because 13/14 is well above the earlier years it probably won't touch those common points, unless there is a crash of some kind, but I would expect it to move towards those points yet stay 200 points or so ahead.

Commenter

mitch of ACT

Date and time

February 24, 2014, 1:55PM

"In a note this morning, the bank (Deutsche Bank) says it expects the RBA to be on hold over 2014, 2015 and in the first half of 2016, but predicts a rate rise in the US around mid-2015, which would help strengthen the greenback."

I disagree. US rates will start rising before the end of this year. Australian rates will start rising before the middle of next year.

Commenter

Gordon Akman

Location

Broadbeach

Date and time

February 24, 2014, 12:18PM

And I'm of the opinion that Australian rates will be falling as the RBA cuts to desperately try and stimulate spending that will have been decimated by budget cuts impacting on disposable income and rising unemployment caused by that reduced spending.

Commenter

mitch of ACT

Date and time

February 24, 2014, 1:25PM

@mitch you predict further cuts to the already cut "Emergency Level" interest rates. Is the Australian emergency getting worse?

Commenter

Gordon Akman

Location

Broadbeach

Date and time

February 24, 2014, 2:24PM

Don't the Libs boast that interest rates will always be lower with a Liberal gov't. They are going to make good on that boast but for all of the wrong reasons.

Commenter

mitch of ACT

Date and time

February 24, 2014, 2:46PM

We couldn't raise rates if we wanted to. We'll see a 60c AUD before we see this property bubble burst.

Commenter

Pete

Location

Perth

Date and time

February 24, 2014, 3:41PM

The Gold short squeeze is on, hang on to your hats shorters...love it!

Commenter

Gold Balls

Date and time

February 24, 2014, 11:59AM

We both want it to happen but I cant see the evidence.

Commenter

Yin or yang

Date and time

February 24, 2014, 12:20PM

"Hedge funds are piling into gold and crude oil as prices rally"

mop up the gold shares, SBM AQG set to rocket.

Commenter

repoman

Location

Dorrigo NSW

Date and time

February 24, 2014, 11:55AM

Gold chart looks like i might make some retracement maybe even as far as 1270.

Commenter

J.

Location

Syd.

Date and time

February 24, 2014, 12:08PM

sold out TLS @ 5.11churned 1/2 back into SKI for divd,cant get those SIV ....yet.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 11:34AM

@BSBPretty quick on your feet for a BSB!!! Smooth moves. CheersMOC announces on Wednesday. It has been moving up nicely. Eying its recent high of about $3.30. In at 2.71, 2.85 and 2.94 and more.

Commenter

IT's All About Making Money

Location

Lennox Head

Date and time

February 24, 2014, 11:47AM

"Hedge funds are piling into gold and crude oil as prices rally, driving the bullish money wagered by commodity speculators to the highest level since 2011."

But isn't the best investment to buy Australian property with debt and rent it out? Doesn't that produce the best returns?

Commenter

Fresh Investor

Date and time

February 24, 2014, 11:32AM

Is that you Allan.

Commenter

Allan spotter

Location

Prahran

Date and time

February 24, 2014, 11:42AM

Oh, come on...what else can we do?

We lost manufacturingWe are very uncompetitive around the world in everythingWe lack initiative We lack innovationWe lack motivationWe lack good educationWe lack job creationWe love fishing all day longWe love beer and clubs all day longWe brought in immigrants to do the hard work for us but they got smarter and now have the good jobsWe only have REAL ESTATE...give us a break.

Commenter

Landlord

Location

Sydney

Date and time

February 24, 2014, 11:48AM

As a Future Home Buyer I have to ask: why the obsession with home owners. With a lousy 8% return if rented, obnoxious tenants who don't pay the rent maintenance etc, the list goes on. Why not aim for an easy 15% off the ASX.

Commenter

FHB

Date and time

February 24, 2014, 12:49PM

LOL 8%. try < 2% before tax.

Commenter

Allan

Location

Prahan

Date and time

February 24, 2014, 1:07PM

"Mr Neilson's windfall interim dividend comes as the fund manager reported a 68 per cent increase in net profit to $105 million for the six months ended December 31"

I'm interested to know what Kerr Neilson invests in? Does he buy houses with debt and rent them out? Is that how he got rich?

Commenter

Keen investor

Date and time

February 24, 2014, 11:29AM

Glad I didnt short FMG and SEK last week

Commenter

Wwwish Lion

Location

Melbourne

Date and time

February 24, 2014, 11:27AM

oh no he didn't?? cue.... the greatest shorter in history.....

Commenter

can of...

Location

worms/denial

Date and time

February 24, 2014, 11:46AM

How come finance experts don't know the difference between salaries and wages?

Commenter

Buffet

Location

In pajamas

Date and time

February 24, 2014, 2:46PM

Who is a finance expert?

Commenter

Wwwish Lion

Location

Melbourne

Date and time

February 24, 2014, 4:46PM

On overseas markets overnight, the Australian Cricket index has crashed.

Commenter

Joe the Pom

Location

Geelong

Date and time

February 24, 2014, 11:25AM

Australian Cricket futures have been described as having reached 'popped bubble' territory with the trade weighted average having declined over 90%.Traders described it as 'no one wants a punt on the Aussies anymore, seems they've all but blown up and sentiment is in the toilet'.

Commenter

Joe the Pom

Location

Geelong

Date and time

February 24, 2014, 11:37AM

South Africa's first eleven obviously is a better team and has more nurries than their second eleven that sort of turned up in Oz this summer...

ps - not to mention doctoring the pitch

Commenter

Aussie Al

Location

Adelaide

Date and time

February 24, 2014, 11:39AM

I keep getting the wrong blog site...isn't this the cricket site?

Commenter

Joe the Confused Pom

Location

Geeshort

Date and time

February 24, 2014, 11:50AM

Nothing personal @Joe, but i used to respect Pom's because of my Ancestry but after the last ashes series and the cowardice comments I got from my Pome acquaintances I have joined the Tiger O'Reilly breed of Aussie and say was '5 nil good enough for you son'. Poms tend to be be great when they are winning but very sore losers. Having said that I am sure you are a great bloke!

Commenter

Aussie Al

Location

Adelaide

Date and time

February 24, 2014, 11:57AM

PPS Not to mention praying on winning the toss

Commenter

NSMR

Date and time

February 24, 2014, 12:04PM

Al,

Not sore losers ... Seriously .. We accept defeat because to us our EGO isn't crushed by every defeat which is why it is so easy to stir an Aussie into action when they do lose.

Look at the lack of sledging opportunities post defeat compared with gloating opportunities post win (in the media) as proof.

England were not good enough to compete in Australian conditions and barely managed the feat at home previously.

They had been in slow decline for 2 years, but hey, at least we weren't as bad as Australia were.

Just a false dawn winning at home against a weakened and declining side.

As for being a "a great bloke", no .... I'm a pomie B@$t@rd and proud. lol.

Commenter

Joe the POM

Location

Geelong

Date and time

February 24, 2014, 12:20PM

Have to admit the great bloke bit was tongue in cheek lol, I have divorced all my pome 'mates'

Commenter

Aussie Al

Location

Adelaide

Date and time

February 24, 2014, 12:33PM

Aussie Al,

Ancestry who from Pommy Land? Everybody old enough knows that South Australians are descended from Germans. In WWI they had to Anglicise the names of the towns in the Barrossa Valley in a great hurry and switch to speaking English. Bit like the haus Sachsen-Coburg und Gotha suddenly becoming the House of Windsor..

Commenter

Jim

Date and time

February 24, 2014, 4:03PM

Govt lifeline to TSE pah! what a job,if they can make it work good luck with it.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 11:24AM

TSE's results later this week will be the acid test. I'm still tipping a disappointing set of numbers for them although the announcement today will obviously sweeten the pill a bit. I wouldn't touch them with a barge pole myself.

Commenter

Grinch

Date and time

February 24, 2014, 12:07PM

Woodside. SO lets get crazy.

Commenter

Sullys Foot is Down

Location

South Freo

Date and time

February 24, 2014, 11:23AM

SIV swinging around like a loose gate....low 5.83 high 6.12 and its only first trading hour.missed my qued buy back in @ 5.80 still.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 11:11AM

"The survey found South Australians were struggling the most, with 60% considered to be in mortgage stress, compared to 54% in Western Australia, 52% in both Victoria and Queensland and 50% in New South Wales."

Commenter

Know your role

Location

in the financial food chain

Date and time

February 24, 2014, 11:02AM

I need to go and make coffee more often. Down .1 when I left, up .34 when I arrive back. Somebody hit the buy button in my absence. :D

Commenter

Dave

Location

Brisvegas

Date and time

February 24, 2014, 10:59AM

I see late June to July this year as the coming of the Great Collapse...does anyone have different dates? is it earlier?

can't wait for blood on the streets. ah ah ah ...but first ill close out all my long positions at 10% below eh eh eh ( wouldn't want to forget to lock in all my profits), then i'll swoop again when prices are low ah ah ah. prey on misery i love it eh eh eh.

Commenter

dracula

Location

transylvania

Date and time

February 24, 2014, 12:18PM

rents are up, property prices are up ...where does that leave the Gen Y nfi's?he he

Commenter

the big fat rich landlord

Date and time

February 24, 2014, 10:52AM

...at the mercy of the incoming Chinese...and they know it.

Commenter

Angel

Location

Sydney

Date and time

February 24, 2014, 11:18AM

So are holding costs

Commenter

linux

Date and time

February 24, 2014, 11:18AM

Knocking on mum and dads door probably.

Commenter

Grinch

Date and time

February 24, 2014, 11:21AM

Hope they like rice

Commenter

Sullys Foot is Down

Location

South Freo

Date and time

February 24, 2014, 11:57AM

Rents are falling in perth.For lease signs are becoming obvious, there are three on one road I pass driving to school.I'm talking about a sort after area with highly regarded schools, in fact it's a easy stroll to the local high school and two of the primary's. Also the major shopping centre.

Commenter

Kerry

Date and time

February 24, 2014, 12:12PM

Seriously... some people!? Rent's are falling in Perth!? Well rents are not falling in the Warneroo area. $360 in 2010, $400 now. Didn't put rent up on us because of our property inspections. Before some dim wited soul tells me to rent else where I'd say to you, come and attend a rental inspection and count the feet your up against. Seriously you can't put property all in the same basket, much as the same you can'y put all stocks in the same basket, or commodities for that matter. Please this thread is for people taking or giving advice (helpful), Not some one eyed... Pauline Hanson thought processed sound byte.

Commenter

what

Location

rents? where exactly?

Date and time

February 24, 2014, 1:00PM

We moved out of Willetton because only dumps were available. Asking rents circa September 2012 were $650/$750.We now live in Leeming, it is closer to WillettonSHS and shopping centre.Weekly rents in Willetton now for similar properties $500/$550.This is a reality I am experiencing.We stood up to our agent. We were offered a new lease four months early, rent increase $25. Declined the offered, turns out owners wanted us to stay and wanted NO rent increase.The agent now has no power over us. In fact when wrongly issued a none payment of rent before Christmas ( including eviction notice ) the owner called to see if we were okay.

Commenter

Have deposit

Location

But see NO value

Date and time

February 24, 2014, 2:02PM

Australians are sheep and the RE sector knows it, but lets not confuse market conditions with a RE scam. Open your eyes - there are for lease signs everywhere. Rents ARE falling with demand. The mining boom is unwinding and the eastern state worker exodus has already begun. If you pay one penny more in rent in Perth in the next 5 years you only have your own meek self to blame. Haggle lower or move.

Commenter

Pete

Location

Perth

Date and time

February 24, 2014, 3:01PM

@big fat rich landlord - if you're highly leveraged, that would make it even better wouldn't it.

Property owners aren't aware of how much they overpaid until after the event.

Clue 1: a unit was 'in the news' this past week, for the wrong reason, twice. 1st was a tragic death, 2nd it's reported to be on the market for $1.3-$1.4M and last changed hands in 2009 for $1.85M. That's bad enough so I hope there was no reno in that period too.

Clue 2. Aussie & Chinese property up in line with US money printing. Problem is our share market isn't back to it's 2007 high. Property has a long way to fall or shares have a long way to rise. Take your pick, USA is tapering....

Commenter

nolongerconfused

Date and time

February 24, 2014, 3:46PM

SKI tick tock tick,yeildseekers getting the message?jump out of exdiv into another...

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 10:52AM

Treasurer Joe Hockey looking more like the Senior Statesman of the Finance World as each day passes...

Commenter

Ellen

Location

Prahran

Date and time

February 24, 2014, 10:40AM

Wee he does have half-a-trillion dollars (of debt) to boost his stature.

Commenter

mitch of ACT

Date and time

February 24, 2014, 11:14AM

And did you notice in that photo that there was only one woman in the group of G20 Finance Ministers and that she was the most influential person there.

Commenter

miutch of ACT

Date and time

February 24, 2014, 11:33AM

"...Treasurer Joe Hockey looking more like the Senior Statesman of the Finance World as each day passes."

That really implies that not long ago he must have been a rather mediocre minister..It implies that we have elected a rather mediocre minister that is really learning on the job...an apprentice minister.Furthermore it also implies he's part of a mediocre Gov'tIt implies we're in deep s....as each day passes...

Commenter

Realist

Location

Sydney

Date and time

February 24, 2014, 11:41AM

yes weve never seen such a sincere mature noble individual in the Treasurer's role, and then theres that trick he does with the Baloney wand...pure magic....end of age of entitlement, gifts for farmers, rich girls subsidies for babies, free money for chocolate...how does he manage to marry so many competing theories? its magic! thats why we know him as Joe Baloney with his magic Baloney wand!

jones hadley gina and singleton were almost in charge of Fairfax radio, and its only monday !

Commenter

lunatix in charge

Location

of the asylum

Date and time

February 24, 2014, 10:38AM

Who? In charge of What? Never heard of them...

Commenter

Anti-Mediocrity

Location

Sydney

Date and time

February 24, 2014, 11:13AM

"Apple’s tax liability fell to $36 million in Australia during its 2013 reporting year despite banking record revenues of $6.1 billion for its local operations"

Where's the fairness?

Commenter

Small Business

Date and time

February 24, 2014, 10:38AM

Guess I sold Bluescope too early. Still, can't complain about a profit, but I can only shake my head at the price people are paying for it...

Commenter

Dave

Location

Brisvegas

Date and time

February 24, 2014, 10:31AM

Yea you would think that some reward offered to shareholders for endurng through the turnaround,no divd announced,i'd be glad to have sold out with profits as well,boo to the directors,you are wrong not to spread the butter around.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 10:58AM

Ok thanks for reply on CAJ guys sorry i missed the first one. Was thinking of locking in profits today but its up another 2.94%, just wondering if anyone could nut out a rough price target on this? has a high pe ratio but keeps suprising on growth. Another one Im holding AZV, its up almost 8% today anyone have any views on these stocks? cheers guys

Commenter

Navy

Location

Navy

Date and time

February 24, 2014, 10:27AM

I hold AZV will keep holding as good result,sell 1/2 if you need to take profits,i trigger at ^20% then dish some.Growth stock and looking good for coming year.CAJ this is a good price i have held but dumped them 2013,in at 0.36 out at 0.47,still a reasonable stock,so sell 1/2,will drift abit but follow the market trend in healthcare should see upside,full value around 50c,and expansion has reached its limit for them so where to from here...i dont know.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 11:04AM

Thanks Bull. CAJ up again 4.9% might see how she goes with a stop loss around 50c. Anyone that brought and held these a year ago would be laughing all the way to the bank.

Commenter

Navy

Location

Navy

Date and time

February 24, 2014, 12:36PM

@pass the red..The irony's not lost on me. What did you want me to do? I have such integrity, I tried to tell everyone we are killing our country at the same time as making money. Not so much in housing though. I had no idea our politicians were that crooked and my fellow Australians that dumb. So, naive might be a better label. In hindsight, it was all there to see....@repoman. You need to open your eyes mate.

Commenter

JohnBB

Date and time

February 24, 2014, 10:25AM

I suspect that Pass the Red and JohnBB are two personalities of the same schizophrenic individual. Hence this neverending boring exchange.

Commenter

Grinch

Date and time

February 24, 2014, 10:58AM

Ground Control to Major TomTake your protein pills and put your helmet onGround Control to Major TomCommencing countdown, engines onCheck ignition and may God’s love be with you...Ground Control to Major TomYour circuit’s dead, there’s something wrongCan you hear me, Major Tom?(Apologies to David)

Commenter

repoman

Location

Dorrigo NSW

Date and time

February 24, 2014, 11:04AM

@repoman. You need to open your eyes...AND try and make sense. It's "solid gold".

Commenter

JohnBB

Date and time

February 24, 2014, 12:00PM

"@repoman. You need to open your eyes...AND try and make sense. It's "solid gold".

@ Johnno BB. It beggars belief that you insist on others 'opening their eyes' when you somehow believe that 23 million people on a landmass this size is somehow overpopulation. You must live in a heavenly fairyland. You also claim to be mid forties and 'semi retired' & 'filthy rich' yet as another poster pointed out last week you probably got that way due to the massive population increase over the course of your lifetime. So whereas it's ok for you to prosper, now you want to keep an entire continent for yourself, locking all the other inhabitants of this planet out. This is not irony, it is sheer hypocrisy! Along with this you claim in previous posts that you are somehow the most generous, caring humanitarian on the planet. STAGGERING!

Commenter

Allanah

Location

Prahran

Date and time

February 24, 2014, 12:31PM

Not much point in dropping 50 million people into a desert like Australia. Australia has a carrying capacity relative to the water supply.

Commenter

FHB

Date and time

February 24, 2014, 12:54PM

@Allanah...Interesting post Allanah.

I think you miss a few extremely important aspects. Ecologically speaking Australia is way over populated. Reflected LEAST of all with the sad tag of biggest killer of species on the planet. Your problem is you can't see what's going on, like most naive "kind" people. There are 90 million EXTRA people on the planet every year. Do you think us taking another 20 million makes a speck of difference to that? This is not about me Allanah as I'm often accused. It's about my kids and their kids. Even your kids and their kids..AND.. the environment (remember we used to talk about that?)...It's not going to implode next decade (despite me having hyperboled that). I'll get out okay, as will you. If we fill Australia with more people we lose the ability to feed anyone but ourselves (we will soon be net importers of food). Not everything's as simple as first seems hey? The world is horrifically over populated, Australia is terribly over populated. I have a degree in science and learned very quickly, if we do nothing about population, we may as well do nothing to help the doomed environment.

Commenter

JohnBB

Date and time

February 24, 2014, 1:00PM

Hadley & Jones part of the Fairfax group, what are you trying to do Fairfax, lose subscribers by the bucket load. Thank God the egos of those two caused the deal to fall over. Now go take a long cold shower Fairfax and come to your senses. With those 2 on board you would be no different to the Murdoch pollution.

Commenter

mitch of ACT

Date and time

February 24, 2014, 10:25AM

Hadley & Jones...Dumb & Dumber.

Commenter

Radio Zoo

Date and time

February 24, 2014, 11:15AM

Im pretty sure JohnBB is a big fan of Hadley & Jones et al; they specialize in scaring the bjesus out of the old and sick, but the actual audience is quite low, around 300k, even though they are supposedly #1. It would be interesting to survey the rate of depression in their audience, as we have seen here.

Commenter

repoman

Location

Dorrigo NSW

Date and time

February 24, 2014, 11:22AM

Yeah, "rock solid rolled gold" repoman.

Never listened to them even once. I think for myself, you should try that.

Commenter

JohnBB

Date and time

February 24, 2014, 11:58AM

You don't have to listen to them. They are quoted often enough on Media Watch highlighting their distortion of events for their political mates.

Commenter

mitch of ACT

Date and time

February 24, 2014, 1:28PM

A new 12 month intraday high on the XAO today, 5463.80. Nice gradual uptick. We need a closing 12 month high as well for the market to get on with it.

Commenter

It's All About Making Money

Location

Lennox Head

Date and time

February 24, 2014, 10:24AM

Interesting to see over the coming months how the iron ore derivatives market impacts on the fe price. Daily volumes now average the equivalent of 2 million tonnes of fe. Major raw materials such as oil and copper have had these derivatives for decades and we have seen the prices manipulated and warehousing of Cu from time to time. Could this be the reason for record inventory levels of 100mllion tonnes of Fe at China ports in the face of falling steel prices due to oversupply?

Commenter

Seb Gonzo

Location

New Farm

Date and time

February 24, 2014, 10:20AM

ACR finding some favour back to square 1 for me...but that divd is attractive.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 10:17AM

LOL @ fools', ignorant paradise....

"Over the past two years, yields have not changed substantially for houses in Melbourne with a change from 3.5 per cent 3.4 per cent recorded. "

"Renters are being priced out of working-class suburbia as gentrification creeps further north."

"In Preston, once blue-collar heartland, the average rent for a one-bedroom flat surged 25 per cent to $290 a week in the 12 months to last September."

"Robert Larocca, of property analysts RP Data, said 25 per cent rises in rents in Thornbury and Coburg were well above the city average of 17 per cent. Rent rises were an unavoidable consequence of changing demographics."

I'm DEFINITELY not crowing about the above. I genuinely think it places increased pressures on people which is never good. But the simple fact is that it IS REALITY! It PROVES that our mates Allan & Gordo are living in the planet of denial, not on Earth. They are living in a fools', ignorant paradise and anyone taking financial advice from them will live to rue the day they did a few years down the track. As we speak they are praying for financial Armageddon in Australia so they can line their own pockets and just so they can feel vindicated in their bleak outlooks.

Do some basic maths: there are 4.3 million people in this city. All want to live close to amenities, entertainment etc etc. Very few want to live in Point Cook or Cranbourne. There are far far fewer than 4.3 Million dwellings within a 10 km radius of the city. BASIC MATHS! Do your own sums and come to your own conclusions....Melbourne's population will continue to grow!

Um.... I just off loaded mine easy enough, 8 interested in first two weeks of going on domain. Two serious buyers, sold to investor as couples weren't willing to wait untill tenants were out. Sold at small profit (nothing to write home about lol), wasnt happy with yields as perth property is yielding at 10%. Property was in west Melbourne out near Terrible Werribe.Happy investing everybody ;)

Commenter

some one

Location

brought mine

Date and time

February 24, 2014, 10:32AM

Do the maths...and leave this place. Go to Europe for Haven's sake, get yourself a decent life, a great affordable accommodation, a nice car up there...how long will you suffer down under? What Karma do you have to pay? Leave Now!

Commenter

Did the Maths!

Location

Sydney

Date and time

February 24, 2014, 10:48AM

Yes indeed do the maths. Where will the money come from to pay for ever increasing rent? Unless you pack more people into each dwelling, rents are going nowhere. If anything, backwards as the economy implodes as a result of the inactivity going on EVERYWHERE. Sadly, an economy doesn't run on lattes.

Commenter

JohnBB

Date and time

February 24, 2014, 10:49AM

LOL @ fools', ignorant paradise....

"Over the past two years, yields have not changed substantially for houses in Melbourne with a change from 3.5 per cent 3.4 per cent recorded. "

re JohnBB S comment "the economy implodes as a result of the inactivity going on EVERYWHERE. Sadly, an economy doesn't run on lattes."

Good rational reasoned argument, wouldn't miss it for quids.

Commenter

repoman

Location

Dorrigo NSW

Date and time

February 24, 2014, 11:34AM

Yes, having done the maths, as a remedial maths teacher I calculate you can neither afford to buy or rent on your salary unless you'd like to move to Broken Hill where remedial maths teachers are in demand and the wage will afford you a roof over your head as well as food on the table.

Commenter

Joe the Pom

Location

Geelong

Date and time

February 24, 2014, 11:51AM

"wouldn't miss it for quids.".....that's a "pure gold" comment.

I think it's very reasoned repoman. I think your wisdom will kick in with hindsight......or....perhaps you could look overseas and see what's happened over there. That's exactly what we're doing here; but much worse.

Commenter

JohnBB

Date and time

February 24, 2014, 12:08PM

@Did the maths! Would love to leave this country, but how does one get a job in an economy with high youth unemployment like Europe's? Also how hard is it to get a Visa/PR? Genuine questions here from a Gen Y, cheers

Commenter

panda

Location

perth

Date and time

February 24, 2014, 1:28PM

"Indian Pacific passengers struck down with gastro"

Commenter

George Roper

Date and time

February 24, 2014, 10:16AM

ACR just announced they are now selling their main product in the 2nd biggest testosterone market (Germany) and also getting special div (5.5 - 6%) tomorrow. Nice!

The clouds are parting! :)

Commenter

GS

Date and time

February 24, 2014, 10:16AM

MND won the Ichthys contract,boosted 7% and will probably pick up the scraps from all the Forge contracts still incomplete,could be a good year for them,also Whetstone yet to pick their suitor.....more to come

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 10:14AM

Glimmers of hope for sure. I have been long in the stock for many years, bought at $20.25, so a run up would be well received!

Commenter

Irish Phil

Date and time

February 24, 2014, 10:31AM

But will MND be struck down by the same disease that has plagued other construction companies recently, underbidding to secure contracts against fierce competition for a diminishing number of projects then cost overruns. These companies are in my high-risk basket.

Commenter

mitch of ACT

Date and time

February 24, 2014, 10:32AM

MND is a different kettle, they are very savvy at pricing and legal contracts,cost over runs footed by clients through variations,then once onsite they seem to be able to pull all the other work away from competitors.I would say they are well on the way to another good year,but their biggest problems is"getting to big to fast" which has been the demise of other construction giants in the past.

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

February 24, 2014, 10:45AM

Agree with BSB,,,MND has been the proverbial baby thrown out with the bathwater.Gradually the market will realise this and MND will be priced more correctly.

Commenter

Chumlee

Date and time

February 24, 2014, 11:13AM

where the f..k are the bears?MIA..that's where.

Commenter

no banks .. no party!

Location

MIA

Date and time

February 24, 2014, 10:13AM

Considering market is at 2006 levels probably out having a champagne breakfast.

Commenter

Get you hand of it

Location

Too much makes you blind

Date and time

February 24, 2014, 11:31AM

sure you are allan...sure you are.

Commenter

no banks .. no party!

Date and time

February 24, 2014, 12:15PM

News reports in the weekend AFR say the big banks report Australian farmers have all time low default rates and are NOT in any trouble. Why does this Govt pander to the NP propaganda about poor farmers? Why don't they apply the "end of age of entitlement" theory to this business sector so that we are all on a level playing field? Bank shareholders are not happy Toney!

Commenter

REPOMAN

Location

Dorrigo NSW

Date and time

February 24, 2014, 10:10AM

Uhhhmmm. Because they are large proportion of the electorate maybe and should be represented?

Commenter

JohnBB

Date and time

February 24, 2014, 10:44AM

****sigh******

Commenter

repoman

Location

Dorrigo NSW

Date and time

February 24, 2014, 11:48AM

So now that Sochi is over, how long before Russian tanks roll into Western Ukraine to "restore order". That should shake markets up a bit.

Commenter

mitch of ACT

Date and time

February 24, 2014, 10:01AM

Actually, you do not jestI have lived in Ua and for a bit in RuI have friends my age who remember them rolling into CZ, they refuse, my friends to speak Russian, which they had to lean at schoolBut Eu should never let Ua into Eu, it,ll never happen, any aid will just vanish into the pockets of the PoliticiansPoohtin, does not have to do anything much, just close the gas offBut yes it is the next big worry for sure Mitch

Commenter

stu

Date and time

February 24, 2014, 11:25AM

Not joking, deadly serious. 50% of Ukraine is very pro-Russian. Putin wouldn't want any other member of the fragile Russian republic getting the idea that they can split away. Chechnya's bad enough. And remember that there was Hungary in '56 before the Czechs in '68.

Commenter

mitch of ACT

Date and time

February 24, 2014, 12:56PM

Mitch, I Even Poohtin, would not risk this, it would lead to WW3 and this is a factBut then again I think he is getting crazier, year by year,If it were Stalin, then they would be down there nowUa has been through hell over the centuries Nothing stands still, regimes come , go, Romans Ottomans, Nazis , Russians and before long, USA,

Commenter

stu

Date and time

February 24, 2014, 1:09PM

And of course by now those in western Ukraine will have stripped their armouries of anti-tank weapons and anti-aircraft missiles. Charlie Wilson's War. The West won't get involved, no stomach for it.

Commenter

mitch of ACT

Date and time

February 24, 2014, 4:03PM

BPT results! Pretty good - shame about their stingy dividend policy.

Commenter

Yin or yang

Date and time

February 24, 2014, 9:55AM

So Scott Morrison's totally incompetent after all. What a surprise.

Commenter

Allan

Location

Prahran

Date and time

February 24, 2014, 9:52AM

9 years in opposition should be about right big Al - lol

Commenter

Scott Who?

Location

Prahran

Date and time

February 24, 2014, 10:21AM

Really? His breif was to stop people floating over to australia and asking for asylum. its been over 65 days since that occured...Sounds more like he is good at his job, you just dont like him, his party or how he achieved it. But the message is definately out there, dont come now wait for another labor gov...

Commenter

Wwwish Lion

Location

Melbourne

Date and time

February 24, 2014, 10:24AM

Who cares? Labor are worse.

Commenter

Allan

Location

Prahran

Date and time

February 24, 2014, 10:29AM

Yes ... He's stopped the boats by asking the Australian Navy to break international law. Hmmm. I reckon I could do that quite easily as Immigration Minister.A far more easier, less time consuming, and more successful strategy would be to build an arsenal of 20 nukes and take out every known point of origin for said 'people floating over to Australia'.No people, no boats. No boats .... JOB DONE.

Does being Scott Morrison always gift the excuse of any means to meet chosen ends.

Commenter

Joe the Pom

Location

Geelong

Date and time

February 24, 2014, 11:41AM

our boats went into indo waters?? so what? the whole point is that their boats are trying to come into our waters yet you say thats ok for them to but not us....perhaps our patrol boats were trying to get to indo to claim asylum then its ok/

Commenter

Wwwish Lion

Location

Melbourne

Date and time

February 24, 2014, 2:50PM

Wwwish Lion it is illegal to enter another nations' territorial water without permission. It is also illegal to stop a boat in international waters and remove the occupants of the vessel.

Were the Australian navy doing it in Australian water then perhaps you'd have a point but since they are not, you don't.

I was always taught that two wrong don't make a right but then I would argue, it appears I am more moral than you.

Equally for one to declare themselves a righteous Christian as our PM does, he didn't learn much when his church was teaching young Tony his doctrine, especially the lesson on the Good Samaritan now did he.

Commenter

Joe the POM

Location

Geelong

Date and time

February 24, 2014, 4:07PM

Careful Joe if you keep going on you will bleed to death.How about Indonesia adopt the UN Refugee convention and accept these people so they dont get in a dangerous boat to come here?

Commenter

Wwwish Lion

Location

Melbourne

Date and time

February 24, 2014, 4:48PM

ASX - if you're listening. Why not consider some rules about when market sensitive announcements can be made? Much better if they were announced at least 30 minutes before the market opens, rather than on the fly or at 9:59. Maybe there are rules and they could be improved. Retail investors need some time to digest what it all means.

Commenter

Yin or yang

Date and time

February 24, 2014, 9:51AM

If the ASX member happens to be 1 of the 15 people on average that view this page, sader still one of the 15 that actually stops to read this thread...I wouldn't hold your breath.

Commenter

ASX

Location

in the house

Date and time

February 24, 2014, 10:10AM

Have you noticed how many times a stock is allowed to open and trade, sometimes actively, then around 10:20am a market sensitive announcement is made and the stock price leaps or plunges when trading resumes. If the announcement is released shortly after open then the information hat led to that announcement being made was more than likely known well before then and the stock should have placed in a trading halt. A requirement ignored more often than observed.

Commenter

mitch of ACT

Date and time

February 24, 2014, 10:10AM

@mitch yea well 20mins is long enough for those "in the know" to take their position. so it makes sense to please all those "savvy insiders err investors".@yinyang nice thought but they dont care bout us,ps nah no stalking just coincidence on the MGX,LEI trades,thing is i did offload LEI thursday and brought into MGX @ 0,975 friday...good move,only time and market forces will tell.Holding lots of stocks...well around 30-34 most of the time,happy trading.

completely different of course in the Emerald City, where rivers of gold flow through landlords fingers.

Commenter

repoman

Location

Dorrigo NSW

Date and time

February 24, 2014, 10:23AM

those land lords would want to keep a very close eye on that market because when she goes, she goes.

Commenter

you gotta

Location

know when to.....

Date and time

February 24, 2014, 10:42AM

has the housing bubble burst yet ?

Commenter

Hugo

Date and time

February 24, 2014, 9:20AM

Moe, new suburb of the virtual trader is safe.

Commenter

no banks .. no party!

Location

POP!

Date and time

February 24, 2014, 9:32AM

@Hugo, its bound to happen the doomsayers here keep telling me it is so, but they are to dim to know when.....even after all these years of predicting they are no closer to saying when it will happen, but they will do the i told you so dance if it ever does

Commenter

Wwwish Lion

Location

Melbourne

Date and time

February 24, 2014, 9:57AM

No, and will not collapse but rather it be transferred to the two hundred million refugees coming to our shore in the very near future...Rejoice and praise the Lord.

Commenter

Padre

Location

Sydney

Date and time

February 24, 2014, 9:59AM

Rising unemployment at the current rate of late will certainly sort out over priced assets..........re residential housing